Case Name

Washington Mutual Mortgage-Backed Securities Class Action

Defendant

Washington Mutual

Court

United States District Court, Western District of Washington at Seattle

Case Number

2:09-cv-00037-MJP

Date Filed

01/12/2009

Case Status

Closed

Case Type

Securities Fraud

Attorneys

Kim D. Stephens

Washington Mutual Mortgage-Backed Securities Class Action

As liaison counsel in In re Washington Mutual Mortgage-Backed Securities Litigation, U.S. District Court, Western District of Washington, we represented a class of purchasers of mortgage-backed certificates issued and underwritten by Washington Mutual and related entities. The named Plaintiffs alleged that the defendants violated federal securities laws by misrepresenting the underwriting procedures used to originate the mortgage loan collateral.  The case settled for $26 million.

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